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April 13, 2021 at 6:00 am · · Comments Off on Central Maine Real Estate Weathering Pandemic, Poised For Growth

Central Maine Real Estate Weathering Pandemic, Poised For Growth

By Frank Carr, Assistant Broker, MRA

The 2020 real estate market in central Maine has faced pandemic-related challenges just like the rest of the world.  The good news: while the market faced many challenges in 2020, central Maine is in a position to come out of a tough year and make 2021 a year to remember.

Last year’s market was highlighted by low leased vacancy and low workforce occupancy. In Lewiston, for example, TD Bank and Maine Community Health Options are still paying rent, but workers are at home. The same thing is happening in Augusta with the Maine State buildings and also the Waterville Colby properties.

Driving the market are smaller users, 3,500-sq.-ft. and below. At MRA, agents are working hard to place these tenants because the bigger entities aren’t making decisions quite yet.

In central Maine, residential is really driving the market. (I call it “flight to isolation” as more and more people leave denser population areas especially in Massachusetts, New York and Connecticut.) It’s also a “flight to quality/commute” that’s changing the face of residential real estate in our state.

Look At The Data: Lewiston/Auburn

Lewiston/Auburn experienced a relatively flat office market in 2020, including the University of Southern Maine’s decision to delay their highly anticipated move to downtown.

In these two highly connected Maine cities, it’s again residential driving the market with companies like Chinberg Properties working on major projects like the Continental Mill, as well as Pineland Lumber (a 250-unit development for medical workforce housing) and more. One major goal in this area: connect the new Auburn area down to the Mill District in Lewiston, which will set the entire area up for further growth.

“Thankfully we haven’t heard any huge changes to businesses office space plans,” says Misty Parker, Lewiston’s economic development manager. “The next six months will really be telling. A lot of businesses are looking at 2021 as a planning year to come back. There’s definitely a need for smaller offices for smaller businesses. People have been cooped up for so long that having an independent, safe space to conduct business is valuable.”

L/A Forecast: Lewiston/Auburn will make a swift and speedy return. When USM resumes their search for downtown space, the market is going to escalate quickly. The entire area is looking at major office movement this year. In residential, it’s going to be important to offer a premium product to capture renters’ attention. The multiple new projects coming online in the next year will make residential absorption a little flat because there’s so much product coming online, but it will happen.

Pro Tip: Small is good. In summer 2020, MRA took a large professional office building (The Professional Building on Lisbon Street) and subdivided it to give professionals working at home a chance to get out of the house. The entire property hit full occupancy within a month of acquisition.

Look At The Data: Augusta

Due to so many readily apparent factors, vacancies are popping up in the office market, but local users remain engaged.

The good news: sales are happening, including the monster sale of space developed by FD Stonewater for Maine DHHS and PERS to Winthrop Advisors out of Boston for $39-million dollars—a clear record for 2020. Another mega transaction for central Maine, 442 Civic Center Drive for $8.7-million dollars.

“We’re coming off one of the historically biggest economic cliff drops in recorded history,” says Keith Luke, Augusta’s economic development director. “Here in Augusta, remarkably, the development picture has remained hot and there’s certainly lots of untapped development potential here.”

Augusta Forecast: There is activity in the market. Multifamily is fueling the growth in Augusta, as well, with quality developments keeping the market here on track. Slow office absorption and flat rent increases are facts on the ground that will hinge on the country and state’s ongoing response to and management of coronavirus.

Pro Tip: Even though smaller deals are happening in Augusta, there is activity. Look out for smaller buyers and renters to get a return on investment. When it comes to industrial, look at land development projects with 5,000-25,000-sq.-ft. of industrial space. Install necessities including docks and floor drains to create demand.

Look At The Data: Waterville

Don’t forget about Waterville! It’s been a year on pause with Colby College and other major players taking time to get back on track post-pandemic. As students go back to school and companies kick back into gear, Waterville is going to be just fine.

Waterville is hot right now! The industrial market is benefitting from cannabis industry growth, and residential is absolutely on fire with multifamily transactions closing at an all-time high rate.

Waterville Forecast: Look for rents across all sectors to go up in this area considerably as the inventory is reduced and existing product is leased up. Sales are happening in Waterville, though on a much smaller scale as far as space and price.

Pro Tip: Waterville is a tough market to move into, but there are opportunities in smaller developments. There are deals going through left and right, including two big projects under development, The Seton Project (68 residential units, 35,000-sq.-ft. of development–the old Maine General Hospital); and FirstPark has industrial lots available with excellent infrastructure in place.

Summing It Up

Overall, all of the players in the central Maine real estate market have been biding their time on breaking new ground while keeping existing projects on-time and -budget. Surprisingly given the pandemic, there’s a well-grounded optimism at play that speaks to the

“It’s a scary, yet promising time to be involved in central Maine,” says Parker. “Our planning department is hoping to analyze current zoning standards to see where we can support additional commercial, industrial and residential housing opportunities by encouraging density where it makes sense while not changing the character of neighborhoods”

April 7, 2021 at 2:07 pm · · Comments Off on The Next Edition of the MEREDA Index will be Unveiled on May 20

The Next Edition of the MEREDA Index will be Unveiled on May 20

As a key economic indicator for Maine, the MEREDA Index measures the pulse of the state’s real estate industry. The MEREDA Index is the leading way our industry tracks changes in Maine’s real estate markets. It’s a composite of nine measures reflecting activity in both new development and existing properties, in commercial and residential markets, as well as construction employment.

The current MEREDA Index contains a measurement and presentation of the real estate market in Maine, and its various components for all of 2020. Dr. Charles Colgan, the economist who prepares the Index, will be on hand to discuss the three sectors of the Index, followed by a panel discussion between three experts in each of those sectors. Roccy Risbara of Risbara Bros. Construction Company will cover the construction market, Joe Dasco of Reger Dasco Properties will cover residential, and Cheri Bonawitz of Malone Commercial Brokers will cover the commercial market.

Join us on May 20, 2021 at MEREDA’s Virtual Spring Conference to learn more about this important economic indicator.

 

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March 15, 2021 at 4:51 pm · · Comments Off on MEREDA’s Virtual Trivia Night to Benefit Student Scholarship Fund SOLD OUT!

MEREDA’s Virtual Trivia Night to Benefit Student Scholarship Fund SOLD OUT!

Thank you to our members for your overwhelming support!  This event has now SOLD OUT! 

If you are still interested in donating to the Scholarship Fund, please contact Shelly Clark at the MEREDA office by emailing info@mereda.org.

Since it still doesn’t seem prudent to host our beloved Strikes for Scholars annual fundraiser, we have decided to host a Virtual Trivia Night, instead!

As with our annual Strikes for Scholars Bowl-a-Thon, all net proceeds will still fund student scholarships, just as we have for the last 8 years. We believe this could be a really fun event for the membership, all while still supporting Maine’s deserving students.

We are looking for sponsors at least 20 teams made up of 8 players. In a nutshell, the event will be run via Zoom, managed by a Host from Trivia Hub throughout the entire event, and a MEREDA representative popping in from time to time! We’ll have three rounds of questions from current events to pop culture, to a “Name that Tune” category!

More information will be provided upon registration. What are you waiting for? We anticipate this will sell out quickly, so reach out to Shelly R. Clark at the MEREDA office at info@mereda.org to secure your team today!

Interested in more exposure for your company? Why not consider participating as a sponsor of this event! Again, all proceeds will benefit Maine students!

Download the Trivia Night Flyer for more information.  

March 8, 2021 at 4:42 pm · · Comments Off on MEREDA’s Morning Menu Virtual Event – Senior Housing in Maine: Today, Tomorrow, & Beyond

MEREDA’s Morning Menu Virtual Event – Senior Housing in Maine: Today, Tomorrow, & Beyond

April 8, 2021
8:30 – 9:30 AM

Maine Designers, Developers, Contractors and Business Owners are already working for the AGING BABY BOOMERS!

Older adults are the biggest part of our Maine population, by far, and they need INTELLIGENT AND APPROPRIATE HOUSING SOLUTIONS!

What does it mean to be “Aging in Maine”? What are we doing today and who is making important decisions about the practices, care and future of our housing needs?

Join us on April 8th to hear from three deeply embedded and important contributors to this statewide issue.

Wendy Nowokunski, Co-Founder and President of Northbridge Companies, an organization that developed, owns and operates 18 facilities in New England.

Deb Fournier, Chief Operations Officer of Maine Veterans’ Homes which supports our veterans and spouses of veterans with six facilities here in Maine.

Denise Lord, Senior Director of Communications and Planning from Maine Housing, a financing agency commissioned by the State of Maine, which supports our Mainers that are aging in place with energy assistance programs and home improvement programs.

Craig Young, Partner at The Boulos Company, and Vice President of MEREDA, will moderate the program.

To Learn More and to Register click HERE.

Ticket Prices:
Members: Suggested Donations of $0, $10, $15, or $20
Non-Members: $25 pp

REFUND POLICY:  No refunds will be issued unless the originating stream fails and the program can’t take place.

This event is sponsored by Norway Savings Bank

February 19, 2021 at 3:59 pm · · Comments Off on MEREDA’s Morning Menu Virtual Event – Cannabis Industry Update

MEREDA’s Morning Menu Virtual Event – Cannabis Industry Update

March 18, 2021
8:30 – 9:30 AM

The cannabis industry is proving to be a cash crop for the State of Maine.  Join us on the 18th of March, 2021 for a virtual discussion and deep dive into a SNAPSHOT LOOK AT WHAT’S HAPPENING RIGHT NOW!!

We are thrilled to have Hannah King, Attorney from Drummond Woodsum, speaking to the legal, regulatory and licensing issues.  Her clients span the United States and several tribal nations, and she is an authority on what it takes to move plans through our Maine municipalities .  Tim Gibb, Managing Partner of Tradecraft Farms, will drill into the national trends, highlighting what he sees happening in California, what we can expect to see soon here – and going forward.  Jim Henry, CEO of Sweet Dirt, will speak to the obstacles and challenges of acquiring and managing real estate transactions for the cannabis industry.  Craig Young, Partner at The Boulos Company, and Vice President of MEREDA, will moderate the program.

We are excited to present this timely topic to our members.  Please join us!

To Learn More and to Register click HERE.

Ticket Prices:
Members: Suggested Donations of $0, $10, $15, or $20
Non-Members: $25 pp

REFUND POLICY:  No refunds will be issued unless the originating stream fails and the program can’t take place.

This event is sponsored by Norway Savings Bank

February 16, 2021 at 7:00 am · · Comments Off on How COVID 19 Affected Commercial Lending

How COVID 19 Affected Commercial Lending

In many ways, the beginning of 2020 was the best of times for commercial lenders – stable rates, lots of deal flow and few loan delinquencies. That would quickly deteriorate by March/April due to the worldwide Coronavirus pandemic, to one of the worst public health and economic crises in modern history. “Coming into the pandemic, the bank was busier than it had ever been,” said Kim Twitchell, Maine Regional President for NBT Bank. “Once the pandemic hit, the bank made a concerted effort to put the health and wellbeing of all of its clients and employees first.”  Like most businesses, commercial banks closed their doors and sent their people home on or about Friday the 13th of March 2020. But while the doors were locked, business would need to continue.

As busy as lenders were in the first quarter completing existing deal flow, the second quarter would be consumed with processing PPP loans as a result of the government sponsored Cares Act. Lenders offered clients the right to defer two months mortgage payments or to pay interest only on their loans for up to six months. Bankers were busy servicing their business clients’ needs, and new loan closings were often delayed. Nationally, commercial loan closings between Q1 and Q2 decreased by 29.3%. As part of the Cares Act, if you had a loan with SBA that closed on or before April 2020, and funded by September 2020, then SBA automatically forgave (not just deferred) 100% of all payments for 6 months on all 504 and 7A loans – not the commercial banking part of the loan, but just the SBA portion. Reportedly, the Hero’s Act, the second stimulus package which is still in negotiations in Congress, will include another six months of loan forgiveness to all SBA loans covered in the 504 and 7A programs.

According to the Conference of State Bank Supervisors, by June 2020 79% of community banks increased lending to small business and farms – a 40% year-on-year increase. Commercial loan growth was accompanied by a 33% surge in banking deposits. “While deposits are generally seen as good for banks”, said Matt Early of Gorham Savings Bank, “this also created an issue for us to put the new deposits to work. Banks could either lend more money to the community, which historically provides a better return for the bank, but today is seen as riskier, or take a lesser return and invest in U.S. Treasuries. We choose to lend more.”

Today, many bankers have returned to their physical offices, and conventional and SBA loan volume has increased substantially. Interest rates have decreased by approximately 100 basis points (or roughly 1%). Commercial lending rates are harder to gauge, due to the varying types of loans, terms, size, etc., but loans through SBA all have the same interest rate regardless of industry or size and are only dependent on loan term. For example, in January 2020, a 20-year fixed SBA loan was 3.78%. By August, rates dropped to a low of 2.33%, and today, SBA’s rate is 2.65%. Comparatively, that same SBA loan in November 2018 was 5.39%. That’s more than a 50% reduction in the rate in two years. According to Paul Collins, VP at Granite State Development Corp, loan volume with his company has increased 25% in Maine and 14% in New England. “The market is ultra-competitive”, says Collins. “Any deal that is deemed strong is shopped between several banks, and banks are winning deals by including the lower rates of SBA 504 program while also reducing the bank risk. It’s a deal.”

So, what can you expect from your friendly neighborhood banker today? In addition to lower interest rates, there are more Zoom calls and less in person meetings; you’ll complete more banking transactions virtually through DocuSign and email and there are many more questions and scrutiny of how the COVID-19 pandemic is currently affecting your business or potentially how will it will impact your business in the future, particularly in the Hospitality sector. But, the banks have money to lend and are actively looking for good deals with good business plans.

By Craig Young, CCIM, Partner, The Boulos Company

Article originally published November 17, 2020 –  https://boulos.com/how-covid-19-affected-commercial-lending/

February 2, 2021 at 7:00 am · · Comments Off on A Fantastic Group of Five: MEREDA Honors Leaders in Real Estate and Development at Recent Forecast Conference 

A Fantastic Group of Five: MEREDA Honors Leaders in Real Estate and Development at Recent Forecast Conference 

On January 21, 2021, the Maine Real Estate & Development Association (MEREDA) recognized five exceptional individuals for their significant and lasting contributions to real estate development in the state of Maine.  The awards were presented via a video presentation at this year’s annual Forecast Conference.

William Shanahan of Scarborough was selected for the Robert B. Patterson Jr. Founders’ Award, for his extraordinary commitment and dedication to MEREDA over the years, as well as for his role as a valued liaison between MEREDA and the affordable housing community.  This is his second Founders’ Award.

In addition to serving on MEREDA’s board and its executive committee, Bill served as Treasurer for 15 years, and Assistant Treasurer for 1 year. He was awarded the Volunteer of the Year award in 2009, was one of two recipients of the President’s Award presented in 2010, and received his first Founders’ Award in 2016 for his instrumental role in the organization.

A founding Co-President of Evernorth, Bill leads his team in investing, finance, and acquisitions.  Evernorth, a nonprofit organization serving low- and moderate-income people in Maine, New Hampshire, and Vermont, was formed by joining together Northern New England Housing Investment Fund and Housing Vermont.  Bill joined Northern New England Housing Investment Fund in 2000 as Vice President/CFO and was named president in 2011.  Prior to this, Bill spent over ten years as Director of Development and CFO for Realty Resources Chartered, a Maine-based for-profit developer of affordable housing.  An active member of the affordable  housing community, Bill also serves as President of the National Association of State and Local Equity Funds, is the Board Chair of the Genesis Community Loan Fund, has chaired and continues to serve on the Maine Affordable Housing Coalition Board, and is on the Governing Board of Housing Action New Hampshire.

This year’s President’s Award went to two outstanding individuals — Elizabeth Frazier of Portland and Tom Schoening of Kennebunk — for their significant contributions on MEREDA’s behalf.

Having lent their leadership to develop the newly inaugurated Local Issues Committee, both Elizabeth and Tom have gone above and beyond to bring this Committee and local issues to the forefront for MEREDA and its membership.

An associate at Pierce Atwood, Elizabeth authored MEREDA’s Developer’s Toolkit and was involved in the tireless advocacy work on MEREDA’s behalf around the recent City of Portland referenda.  Engaging with commercial real estate and development matters at both the local and state level, Elizabeth has worked on land use referenda campaigns and ordinance proposals at the municipal level, statewide zoning policies, and public financing for development projects.  She focuses her practice on government relations, lobbying, business advocacy, and environmental and land use policy.

An associate at Drummond & Drummond, Tom’s recent advocacy work on the potential moratorium on development in South Portland was instrumental, and he serves as chair of MEREDA’s Local Issues Committee.  Practicing law in the corporate and commercial real estate group, Tom’s work focuses on commercial real estate and business transactions, helping clients cure title issues and navigate real estate disputes.

Kevin Sutherland of Saco received this year’s Public Policy Award for his significant impact on public policy changes to benefit responsible real estate development and ownership in Maine.

As a member of MEREDA’s Public Policy and Local Issues Committees, Kevin stepped up to volunteer his time and energy to work on issues that matter to MEREDA. From helping craft MEREDAʹs response to the Maine Climate Council draft report, to representing MEREDA before the  Portland and South Portland City Councils, Kevin has proven to be an invaluable asset to MEREDA.

The Director of Business Development at Hardypond Construction, Kevin’s goal is to help Hardypond be a part of community development projects that propel southern Maine forward.  Previously, Kevin has worked in municipal government roles including Chief of Staff for the city of Ithaca, New York and as City Administrator for Saco, Maine.

Mark Stasium of Portland received this year’s Volunteer of the Year Award for generously sharing his time, talents, and energy with MEREDA.

Mark serves on the MEREDA board as Treasurer and this year he meticulously built an entirely new format for MEREDA’s budget–no easy task during a pandemic–a document that will serve the organization well into the future.  Always willing to step up on other initiatives when needed, Mark also volunteers his time on MEREDA’s Conference and Seminar Committee and on MEREDA’s Executive Committee.

With over 30 years of commercial lending and commercial credit experience, Mark is Senior Vice President in the Commercial Real Estate Lending Division at Camden National Bank.  He manages banking relationships with commercial real estate investors and developers and is primarily responsible for originating commercial real estate loan transactions in northern New England and eastern Massachusetts.

MEREDA congratulates these five outstanding members, and thanks every volunteer whose contributions of time and talent make the association’s continued success possible.

L to R: Tom Schoening, Elizabeth Frazier, Kevin Sutherland, Mark Stasium, William Shanahan

 

January 26, 2021 at 6:00 am · · Comments Off on Focusing on the Adaptability and Resiliency of Maine, MEREDA Brings Real Estate Experts Together to Forecast the Future

Focusing on the Adaptability and Resiliency of Maine, MEREDA Brings Real Estate Experts Together to Forecast the Future

On Thursday, January 21, over 500 of Maine’s real estate and development professionals gathered virtually to learn about the latest insights on the real estate economy at the Maine Real Estate & Development Association’s (MEREDA’s) annual Forecast Conference and Member Showcase. “This is an event people look forward to every January.  You learn a lot and you make important connections.  This year, we connected in new ways and heard about the incredible work that is being done throughout our state to move Maine forward, and to begin to recover from the pandemic economy,” says Josh Fifield, MEREDA President.

From James Marple, a Senior Economist at TD Bank who provided an economic outlook; to Hannah Pingree, Director of the Governor’s Office of Policy Innovation and the Future who spoke about the Maine Climate Council; to an impressive lineup of industry leaders; speakers were brought together for a virtual conference produced at O’Maine studios following Covid safety protocols.  MEREDA streamed the conference with hosts Shannon Richards of Hay Runner and Craig Young of The Boulos Company providing commentary and connectivity throughout the day.

Reflecting on a challenging year, presenters were tasked with looking ahead and reporting on the trends impacting their sectors.  In navigating the uncertainty of our current times, it seemed everyone was looking for bright spots.  Perhaps one of the hardest hit sectors in Maine has been the hospitality industry.  Sean Riley of the Maine Course Hospitality Group spoke about how they’ve had to adapt this past year, providing rooms for medical professionals and extended stay options for construction workers.  While it has been a devastating year, Riley predicts that Maine hotels will rebound faster than the projected 5-year national recovery scenario laid out by Smith Travel Research.  “Everybody is tired of staying home.  We think Maine is teed-up big time.”  With optimism and heart at the center of his presentation, Riley ended by encouraging collaboration and camaraderie: “We have to spend our time lifting each other up.”

Reporting on the retail industry, another sector hard hit by the pandemic, Peter Harrington of Malone Commercial Brokers outlined some of the surprise success stories in retail: from hardware stores to take-out restaurants to athleisure-wear retailers to furniture companies.  While Maine will likely continue to feel impacts of the pandemic through 2021, Harrington saw hope for brick-and-mortar retail to rebound: “We haven’t evolved to be people who sit at home in isolation.  We need physical connection to each other and many of the products we use.”

On the other side of the spectrum was the residential real estate market, which had an incredible year.  Dava Davin of the Portside Real Estate Group reported a record 13.8% increase in Maine home prices and $7 billion in total sales.  While a lot of activity continues to be centered in Portland, Westbrook saw its largest home sale ever in 2020 with a $1,000,000 single family home.  With 33% of buyers from away, Davin questioned how long these new residents will stay in Maine, and how many winters they can weather.  It is something she plans to keep her eye on for the future.

Areas outside of Portland, like Biddeford, Saco, and Brunswick saw growth in 2020 as well and are predicted to continue to see development in 2021.  Dave Holman gave a report on the Midcoast market, highlighting Brunswick Landing, a former Navy Base.  This site has been an incredible driver of innovation and growth for the area, having created some 2,200 jobs for the region and attracted both residential and commercial future development projects.  While low industrial inventory and construction costs present some challenges to development in the Bangor area, Bev Uhlenhake of Epstein Commercial Real Estate echoed that there are also opportunities that exist in this new landscape: as more and more people work from home, why not decide to work from a beautiful place like Maine.

Justin Lamontagne of NAI The Dunham Group reflected in his Industrial Forecast, “There is no larger barrier to commercial real estate than uncertainty.”  While the uncertainty of the past year was a barrier and challenge for many Mainers, there were pockets of opportunity throughout the state.  Lamontagne saw hope for the industrial sector as Maine-based companies pivoted to produce life-saving equipment and companies like IDEXX, Puritan, and Abbott Labs demonstrated the future possibilities of Life Science companies and manufacturing in Maine.  It was also another example of how Maine businesses showcased adaptability and resilience in the face of a devastating economy and pandemic.  While there is still much work to be done, MEREDA and its members have their sleeves rolled up to work together and build Maine’s brighter future.

January 14, 2021 at 3:00 pm · · Comments Off on Sneak Peek! What to Expect from MEREDA’s 2021 Forecast Conference & Member Showcase!

Sneak Peek! What to Expect from MEREDA’s 2021 Forecast Conference & Member Showcase!

What can you expect from MEREDA’s 2021 Virtual Forecast Conference & Member Showcase?

  • We have 20 MEREDA members taking part in our Virtual Member Showcase
  • As usual, the Forecast Conference will deliver the same quality information that our members have come to expect over the years.
  • Our Platinum and Gold Sponsors will be highlighted in interview-style 90 second promos
  • The event is approved for 4 hours of broker and legal continuing education credits
  • We’re excited to have Craig Young from The Boulos Company and Shannon Richards of Hay Runner participating as MC’s for the day.  They’ll help keep things energetic and exciting!

Check out our promo below and then Register here: https://mereda.ticketspice.com/2021-annual-forecast-conference-virtual

On the morning of the conference, we will post the presenter materials for you to download on MEREDA’s website located at https://mereda.org/resources/documents/.

 

January 7, 2021 at 2:29 pm · · Comments Off on Maine’s Leading Real Estate Experts Look to the Future with a Virtual Conference on January 21, 2021

Maine’s Leading Real Estate Experts Look to the Future with a Virtual Conference on January 21, 2021

PORTLAND, Maine–On Thursday, January 21, 2021, leaders from Maine’s real estate industry will take part in a virtual presentation of the Maine Real Estate & Development Association’s (MEREDA’s) Annual Forecast Conference and Member Showcase, sponsored by TD Bank.  As we begin a new year, recovering from a devastating 2020 is on the forefront of everyone’s mind.  The real estate industry, a significant driver of the Maine economy, is a bright spot with future growth potential.  The MEREDA Forecast Conference provides an opportunity for industry leaders to share their insights on what trends and challenges have been impacting real estate in Maine, and what economic opportunities exist for Maine to begin to rebuild its economy.

“I continue to be impressed by MEREDA members and the work they do in our communities to propel Maine forward,” said Josh Fifield, President of MEREDA and a Senior Account Executive at Clark Insurance.

“I can’t think of a better way to begin a dialogue about the future of the Maine economy than by having some of the best minds in real estate share their perspectives on the industry.  Although we cannot be together in the same room, the Forecast Conference is an event where important conversations like these can still take place,”  continued Fifield.

MEREDA’s Annual Forecast Conference is geared towards builders, developers, brokers, attorneys, architects, engineers, municipal leaders, bankers, and accountants, to name a few.  Continuing Education credits are available for brokers and attorneys.

According to Shelly R. Clark, MEREDA’s Vice President of Operations, MEREDA’s Forecast Conference will be produced at O’Maine Studios following strict CDC health and safety guidelines and will be streamed on January 21 from 9am to 4pm.  Registration is available at https://mereda.ticketspice.com/2021-annual-forecast-conference-virtual